In efforts to escalate Coach from department store brand to luxury label, its new creative director Stuart Vevers plans to up the "quality" (and cost) of their signature handbags. What once set you back around $200 to $300 now could easily cost double that. "You can have a $5,000, $2,000, $3,000 Coach bag in the future,” Vevers said.

A purse by Chanel can easily cost more than $3,000. Chanel regularly increases the price of the handbags, which never go on sale (used ones can also go for thousands). But these people aren’t shy about doing whatever it takes to get one. (Priorities!)